Investment Technology Group (ITG) Earning Somewhat Positive Press Coverage, Report Shows
News headlines about Investment Technology Group (NYSE:ITG) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Investment Technology Group earned a daily sentiment score of 0.01 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 47.0115939826724 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Investment Technology Group (ITG) traded down $0.06 during mid-day trading on Friday, reaching $18.28. The company had a trading volume of 462,895 shares, compared to its average volume of 313,045. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.52 and a current ratio of 1.53. The stock has a market capitalization of $603.56, a PE ratio of 53.03 and a beta of 1.48. Investment Technology Group has a 52 week low of $17.75 and a 52 week high of $23.96.
Investment Technology Group (NYSE:ITG) last announced its quarterly earnings results on Wednesday, November 1st. The financial services provider reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.14). The company had revenue of $114.50 million for the quarter, compared to analysts’ expectations of $112.50 million. Investment Technology Group had a negative net margin of 6.57% and a positive return on equity of 2.92%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.08) earnings per share. research analysts anticipate that Investment Technology Group will post 0.23 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 28th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.53%. The ex-dividend date is Monday, November 27th. Investment Technology Group’s dividend payout ratio is currently -29.47%.
A number of research firms recently commented on ITG. BidaskClub raised Investment Technology Group from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research downgraded Investment Technology Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. TheStreet raised Investment Technology Group from a “c” rating to a “b-” rating in a report on Wednesday, August 2nd. Rosenblatt Securities began coverage on Investment Technology Group in a report on Tuesday, September 12th. They set a “neutral” rating and a $21.00 target price for the company. Finally, ValuEngine downgraded Investment Technology Group from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $22.00.
About Investment Technology Group
Investment Technology Group, Inc (ITG) is a financial technology company that helps brokers and asset managers improve returns for investors around the world. The Company operates through four segments: U.S. Operations, Canadian Operations, European Operations and Asia Pacific Operations. These four segments provide categories of products and services, such as Execution Services, Workflow Technology and Analytics.
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